Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
The Bank of New York Mellon Corporation reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
BNY Mellon announced its second-quarter 2022 financial results, showcasing significant operational metrics. As of June 30, 2022, the firm managed $43.0 trillion in assets under custody and/or administration, alongside $1.9 trillion in assets under management. The results will be discussed in a conference call on July 15, 2022, at 8 a.m. ET, accessible to investors and analysts. Replays of the call will be available until August 15, 2022. For more details, visit BNY Mellon's investor relations.
The Bank of New York Mellon Corporation (NYSE: BK) announced the declaration of dividends for its common and preferred stock. A quarterly dividend of $0.37 per share will be paid on August 5, 2022, to shareholders of record on July 25, 2022. Preferred dividends include $1,011.11 for Series A, $2,312.50 for Series F, $2,350.00 for Series G, $925.00 for Series H, and $937.50 for Series I, all payable on September 20, 2022, to holders of record on September 5, 2022.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported 2Q22 production results, highlighting variances in metal output compared to prior quarters. Gold production at Orcopampa decreased to 17,749 Oz from 19,031 Oz in 1Q22, whereas Tambomayo's output slightly increased to 14,351 Oz. Silver production saw a decrease at El Brocal, totaling 806,123 Oz, while lead and zinc outputs also reflected declines. The Company updated its production guidance for the year, projecting gold output of 65k-70k Oz and silver output of 3.0M-3.5M Oz.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced a quarterly tender offer for 2.5% of its outstanding shares as of June 30, 2022. The tender offer will commence on July 15, 2022, and expire on August 12, 2022, at 5:00 p.m. Eastern Time. Shareholders will receive further details through the Offer Documents to be filed with the SEC. The Fund is managed by BNY Mellon Investment Adviser, which is part of one of the largest asset managers globally, overseeing $2.3 trillion in assets.
BNY Mellon (NYSE: BK) has appointed Dermot McDonogh as Chief Financial Officer, effective February 1, 2023. He will join on November 1, 2022, and report to CEO Robin Vince. McDonogh, previously COO for EMEA at Goldman Sachs, brings over 25 years of experience in finance and financial operations. Emily Portney will transition from CFO to lead Treasury Services and related sectors. This leadership change aims to enhance BNY Mellon's financial strategy and operations, reinforcing its stability amid market volatility.
Summary not available.
BNY Mellon and Emirates NBD have formed a strategic alliance to enhance the growth of the UAE's capital markets. This partnership combines BNY Mellon's global capabilities with Emirates NBD's regional expertise to improve market access for investors. Executives from both companies highlighted the alliance's role in digitalizing the market and facilitating international investor participation amid a surge in local IPOs. BNY Mellon oversees $45.5 trillion in assets under custody, while Emirates NBD's total assets reached AED 694 billion (approx. $189 billion) as of March 31, 2022.
BNY Mellon announced its intention to increase its quarterly cash dividend by 9%, raising it from $0.34 to $0.37 per share, pending Board approval. This change follows the Federal Reserve's 2022 stress test results, which confirmed the company's strong capital position and resilience. The Stress Capital Buffer will remain at 2.5% effective from October 1, 2022 to September 30, 2023. The firm is also authorized for share repurchases, enhancing value for shareholders.
Summary not available.
On June 22, 2022, the BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly cash dividend of $0.0185 per share, to be paid on July 21, 2022, to shareholders of record as of July 7, 2022. The ex-dividend date is set for July 6, 2022. This marks the same dividend amount as the previous month. BNY Mellon Investment Management, which oversees the fund, manages approximately $2.3 trillion in assets, underscoring the strength and stability of the firm.